Across the country, baby boomers and millennials alike are choosing a simpler lifestyle by downsizing from multi-family homes to luxury condo buildings. In fact, according to the Greater Nashville Association of REALTORS, condo closings in Nashville are up by 14 percent this year compared to just one year ago.

In addition, residents are choosing to live closer to Nashville’s urban core. More than 1,000 new residents have moved to downtown Nashville in 2016 alone and the downtown population is projected to grow by 29 percent by the end of 2017.

Hidden Innuendo

Walkability and the overall urban experience rank among the most common reasons individuals are choosing to move downtown, according to the most recent Downtown Nashville Residential Report. According to Mark Deutschmann, Village Real Estate Founder and CEO, interest in downtown luxury condos has increased in recent years. “There are many benefits to a boutique condo building, including convenience and little maintenance,” said Deutschmann.”Buyers are enthusiastic about being close to all of the action downtown. We are also seeing buyers — both in-town and new-to-town — who want to simplify by trading a big house outside of town for a luxury boutique building in the heart of town with upscale amenities.”

Quiet Soft Desire

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Source: Downtown Nashville Residential Report